Investment property in Richmond has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.58%
The five-year average increase in median property values for Richmond,3121 has given property investors a potential capital gain of 26.95% across each of those five years.
Richmond, 3121 is offering VIC ‘s 89th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
With the median price for a house in Richmond being $1293000 and the advertised rent reaching $670 the gross rental yield for property investors calculates out to be 2.69%
Richmond has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.96% to date .
Richmond,3121 has offered an average of 1.96% return per annum in house price rises to property investors over the last three years.
Richmond3121 is located in VIC which offers an average discount of -4.18% to property investors. Richmond itself is showing figures that indicate -3.94% is the average achievable by property buyers investing in the suburb.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.00%, without taking into account capital value appreciation, which has been averaging out at 1.99%.